Hudson Cook partner Patty Covington is back on the Auto Remarketing Podcast to tackle a tricky situation for finance companies. Covington explained how there are different kinds of complaints finance companies often face. She then offered some recommendations for how finance companies can turn a negative situation into a positive one for the credit provider […] [Read More]

In an industry where efficiency is paramount and margins are tight, the fleet remarketing process represents a critical juncture for automotive and insurance professionals. Traditionally, this process has been akin to navigating a complex river system, where vehicles exiting leases or rental periods are channeled towards different fates based on their condition. However, a closer […] [Read More]

Copart has added three new members to its senior executive leadership team. The provider of online vehicle auction and remarketing services has brought in David Kang as chief marketing officer, Neel Madhvani as chief product officer and Hessel Verhage as chief operating officer. Stephen Powers, who has served as COO since October 2020, will assume […] [Read More]

While it might be frigid with snow on the ground in much of the U.S., Black Book analysts are already discussing springtime because of auction activity they spotted last week. That activity pushed the estimated average weekly sales rate up to 55%, as Black Book reported wholesale prices softened by just 0.63%, which was in […] [Read More]

FordDirect, a joint venture between Ford dealers, Lincoln retailers and Ford Motor Company, has launched a new e-commerce platform for dealer solutions. The Shop, powered by FordDirect, is a “curated online shopping experience” designed for dealers to “meet the challenges of operating in the evolving retail automotive business landscape” with products and services in addition […] [Read More]

Logistics technology provider Autosled has promoted business development manager Jim Reilly to the newly created role of director of field sales. The company said Reilly will manage and develop its regional field sales team throughout Georgia, North Carolina, South Carolina, Tennessee and Florida. “It is our pleasure to promote Jim into this newly created dynamic […] [Read More]

Carvana is headed for the Daytona 500 after announcing a continuation of its partnership with Hall of Fame driver Jimmie Johnson and his Legacy Motor Club for 2024. Johnson, a seven-time NASCAR Cup Series champion and 2024 inductee into the NASCAR Hall of Fame, has partnered with Carvana since 2021, when he competed in the […] [Read More]

It’s a challenging time to be in the car market. A host of colliding economic factors have reduced new car production, limited dealer inventory and driven the cost of new and used vehicles to record highs. At the same time, buyers are being burned by inflationary pressures as rising interest rates have increased borrowing costs. […] [Read More]

TD Bank Group, which includes TD Auto Finance, is the recipient of two innovation awards for the third year in a row. The bank group has been recognized by the Business Intelligence Group (BIG) through the 2024 BIG Innovation Awards. TD received the awards “for providing accessible digital experiences and driving forward-focused enterprise innovation. The […] [Read More]

GM Canada has a new leader with the appointment of Kristian Aquilina as its new president and managing director. Aquilina was promoted from his previous role as vice president of vehicle sales, service and marketing at GM Canada. Aquilina reports to Marissa West, who was named senior vice president and president of GM North America […] [Read More]